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Startups

THE END OF THE CULT OF THE FOUNDER

Source | wired.com  |  BY:SCOTT ROSENBERG

.When future historians look back on the cult of the Silicon Valley founder, they will set its starting point in the early 2000s. Its end point could be right about now

But wait—aren’t we living through the greatest explosion of entrepreneurial energy in human history, spearheaded by tech companies? Software is eating the world! The internet is connecting all of us and all our things. AI is rewiring every workplace. And new companies led by visionary founders are driving each of these trends.

Yet the numbers tell a different story: We think it’s a golden age for starting companies, but we are actually in a long-term “startup slump” that goes back decades in much of the US economy. Since around 2000, this slump has spread even to sectors like tech. “Startups have gone down a lot since 2000, especially in the high-tech sectors,” one economic expert told the New York Times in September. We read about teeming startup incubators and torrents of angel investments, but the statistics don’t match the headlines.

Readon…..

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